Madrid Co. has a direct labor standard of 4 hours per unit of output. Each employee has a standard wage rate of $12.00 per hour. During February, Madrid Co. paid $100,300 to employees for 9,150 hours worked. 2,410 units were produced during February. What is the direct labor efficiency variance?

• $5,880 favorable

• $15,380 favorable

• $9,500 favorable

• $8,652 favorable